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Japaul & Maritime Services (JAPAUL.ng) HY2014 Interim Report

first_imgJapaul Gold & Ventures PLC (JAPAUL.ng) listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2014 interim results for the half year.For more information about Japaul Gold & Ventures PLC (JAPAUL.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Japaul Gold & Ventures PLC (JAPAUL.ng) company page on AfricanFinancials.Document: Japaul Gold & Ventures PLC (JAPAUL.ng)  2014 interim results for the half year.Company ProfileJapaul Gold & Ventures PLC, formerly known as Japaul Oil & Maritime Services Plc is a mining and technology development business listed on the Nigerian Stock Exchange. The Company’s services include mining, dredging, offshore/vessel chartering and technology. Its mining service is engaged in solid mineral mining with interest in minerals, such as gold, tin, copper, lithium, lead, zinc and hard rock. The Company’s dredging business offers complete dredging solutions, such as reclamation, shore protection, stockpiling, breakwater construction, sweeping of access sites and slots and river crossing. The Company’s vessel chartering offers fleet of vessels, such as offshore support vessels (OSVs), anchor handling tug supply vessels (AHTS) and diving support vessels. It provides its services to the offshore oil and gas, and shipping industries. The Company’s technology services provide technology and enterprise solution services to support governmental, services and manufacturing industries.last_img read more

Karat Marketing announces imminent closure

first_img  128 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 Karat Marketing announces imminent closure Melanie May | 8 June 2018 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis5 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.center_img Tagged with: Scotland Telephone fundraising “Karat was set up in 2015 after Scotland’s only agency, R Fundraising closed. It was a completely different company with a different directorship but allowed some of the staff who had lost their jobs with R Fundraising, to get a new job providing quality telephone fundraising for Scottish charities”.“Our aim was always to be small – to provide consultancy and telephony for primarily Scottish charities but also those who had small programmes or needed support in other ways. The wide range of expertise the directors had enabled us to work very closely with our clients and provide service bespoke to their needs. They also had strong relationships with the fundraisers, which was very important to us.“Karat was a mission driven enterprise for us, with a desire to ensure Scotland had a fundraising agency, the brilliant clients had what they needed and that the staff we knew and cared for were employed.  We never gave up on this and sacrificed our own investments and incomes to try and achieve stability.“Since going into administration, we have been helping staff in any way we can and I have also been in touch with other telephone agencies and introducing them to some of our clients, in the hope that our clients will be able to continue the programmes that Karat were unable to finish.”  127 total views,  1 views today Scottish telephone fundraising agency Karat Marketing has announced that it expects to close officially within the next week.Karat Marketing’s closure is expected by 12 June. The agency’s 17 staff and charity clients have been informed, and its directors have met with administrators to begin a consultation process. According to Karat, no money however is owed to charities.Karat launched in 2015. According to the agency, every campaign undertaken since then has either hit or exceeded targets, and it has raised over £750,000 for UK charities. In a statement, it blamed the collapse on “the current challenging and volatile market conditions in the Scottish charity sector combined with hesitation surrounding the GDPR legislation”, saying that as a result it has become much more difficult for charities to sign off campaigns.In the statement, Lauren Semple, Development Director of Karat, said:“To announce our closure is absolutely heart-breaking for all involved. We have tried our hardest over recent months to keep the business going, the three directors have not taken salaries and our staff have been amazing in taking reduced hours, to support the business, for which we thank them sincerely. While we have supportive clients, the work just isn’t there and we’ve exhausted all our options to keep afloat. Making this decision has been very difficult and is our absolute last resort.“The Scottish market is very difficult just now, charities are being cautious, understandably and still adjusting to the required changes for GDPR, campaigns can be moved or cancelled at the last minute and we have experienced longer than usual campaign sign-off periods – for some we’ve had to wait 4 or 6 months for a start date and, very sadly, this has meant we’ve been unable to hold on. We have simply been unable to secure long term contracts to ensure our business can continue providing services to our clients.”Karat Marketing opened in Dunfirmline, Fife, in 2015, the home of former telephone fundraising agency R Fundraising, shortly after that agency closed but was unrelated to R Fundraising, and a joint venture between Revolutionise, based in Fort Augustus, Scotland and Dialogous Fundraising, based in Copenhagen. It did however take on 25 of R Fundraising’s former staff.It offered telephone fundraising, strategy, creative and data services to charities with clients including Friends of the Earth, PoppyScotland, Quarriers, Scottish Association for Mental Health, Thistle Foundation, The Children’s Trust, Sense Scotland, Erskine, Children’s Hospices Across Scotland (CHAS), Chest Heart & Stroke Scotland.Talking to UK Fundraising, Semple added: Advertisementlast_img read more

General strike brings Greece to a standstill

first_imgThessaloniki, Greece’s second-largest city, May 17.Even though there have been many general strikes in Greece in the past 10 years, the one on May 17 stands out as one of the most successful. Some workers, like the sailors who run the ferries, struck the day before, the day of and took their time going back to work the day after.Relying on its parliamentary majority, the Syriza government rammed through a harsh, draconian austerity program May 18. This meant Syriza’s act contradicted its electoral platform of 2013, which reads: “From the very beginning, the government’s task was to end the extreme austerity policy in Greece.” (tinyurl.com/pnjfc8r)Greece’s economy has shrunk 27 percent since 2010, mainly under the impact of austerity measures imposed by the European Union and the International Monetary Fund. Overall unemployment is at 23.5 percent and youth unemployment is nearly 50 percent.According to the organization diaNEOsis, nearly 1.5 million Greeks — 15 percent of the population — currently live in “extreme poverty,” with just enough income to survive, which means pay for food and shelter. (tinyurl.com/lqob84y)PAME, the All Workers Militant Front, which is closely associated with the Greek Communist Party (KKE), was very active in getting its members and supporters out to demonstrations that reinforced the strike on May 17. According to the French newspaper Le Monde, 12,000 people came out in Athens, 8,000 from PAME.According to photos on the PAME website, there were marches in Thessaloniki, Heraklion, Larisa, Giannena, Chania, Volos, Agrinio, Karditsa and Rodos — basically all over Greece, including islands in the Aegean, as well as in its two largest cities.Speaking in Athens, General Secretary of the KKE Dimitris Koutsoumpas said, “The class war is now in progress, it is a marathon, not a rifle shot in the air. The class war must be a daily and continuous one. The harsh anti-people measures, the Fourth memorandum along with the previous memorandums must be thrown in the dustbin of history and the only ones who have the authority to do this are the Greek people, the labor-people’s movement.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Indiana Continues to Lead in Cover Crops

first_img SHARE Facebook Twitter SHARE Previous articleBower Trading Market Strategy Report: Early Yields Setting Market DirectionNext articleRyan Martin’s Indiana Ag Forecast for September 11, 2017 Andy Eubank Indiana Continues to Lead in Cover Crops Cover-crops-working-for-IndianaThe Lafayette area was host last week to the 10th annual Conservation in Action Tour which provided a look at the progress in conservation farming in Indiana. The progress is quite notable, and cover crops have a lot to do with that.Jenna Blue also hosted a cover crop event in Cass County last week to discuss the economics of cover crops and show their real impact on soils.“Cover crops are being adopted rapidly in Indiana,” she said. “Minus Texas which is able to compete on just pure size, Indiana is actually leading the country in cover crop adoption, which is awesome. Guys are starting to see what the benefits are; the erosion control, it’s the organic matter building, the compaction issues, it’s weed suppression.”Blue is regional sales manager for La Crosse Seed. She has a great soil demonstration showing the stark difference in soil from a conventionally tilled field and a cover crop-no till field.“The conventionally tilled field the soil is already completely dissolved. Farmers are visual learners and that’s what we love because with cover crops we’re able to show what it is that they do. It’s not comparing, for lack of a better term snake oil and chemicals and is it actually working. With cover crops you can see the difference in what it’s doing in your field on a year to year basis, and over time you’re able to take those soil tests and see how your organic matter is increasing throughout the time that you continuously use cover crops.”She uses a kitchen analogy while suggesting cover crop farmers use patience awaiting the benefits.“I like to say that we’re in the crock pot business,” she told HAT. “This is a long term goal with your fields, it’s not a short term goal.”Blue says La Crosse Seed sells premium cover crop seed, meaning theirs is weed seed-free. Visit their website here. Home CROPS Indiana Continues to Lead in Cover Crops By Andy Eubank – Sep 11, 2017 Facebook Twitterlast_img read more

New global coalition urges governments to keep surveillance technologies in check

first_img RSF_en World leaders must commit to keeping invasive surveillance systems and technologies out of the hands of dictators and oppressive regimes, said a new global coalition of human rights organizations as it launched today in Brussels. The Coalition Against Unlawful Surveillance Exports (CAUSE) – which includes Amnesty International, Digitale Gesellschaft, FIDH, Human Rights Watch, the New America Foundation’s Open Technology Institute, Privacy International, and Reporters without Borders – aims to hold governments and private companies accountable for abuses linked to the US$5 billion and growing international trade in communication surveillance technologies. Governments are increasingly using spying software, equipment, and related tools to violate the right to privacy and a host of other human rights. “These technologies enable regimes to crush dissent or criticism, chill free speech and destroy fundamental rights. The CAUSE coalition has documented cases where communication surveillance technologies have been used, not only to spy on people’s private lives, but also to assist governments to imprison and torture their critics,” said Ara Marcen Naval at Amnesty International. “Through a growing body of evidence it’s clear to see how widely these surveillance technologies are used by repressive regimes to ride roughshod over individuals’ rights. The unchecked development, sale and export of these technologies is not justifiable. Governments must swiftly take action to prevent these technologies spreading into dangerous hands” said Kenneth Page at Privacy International. In an open letter published today on the CAUSE website, (http://www.globalcause.net) the groups express alarm at the virtually unregulated global trade in communications surveillance equipment.The website details the various communication surveillance technologies that have been made and supplied by private companies and also highlights the countries where these companies are based. It shows these technologies have been found in a range of countries such as Bahrain, Brazil, Côte d’Ivoire, Egypt, Ethiopia, Libya, Nigeria, Morocco, Turkmenistan, UAE, and many more. “Nobody is immune to the danger communication surveillance technologies poses to individual privacy and a host of other human rights. And those who watch today, will be watched tomorrow” sadi Karim Lahidji, FIDH President. “The CAUSE has been created to call for responsible regulation of the trade and to put an end to the abuses it enables” he added.Although a number of governments are now beginning to discuss how to restrict this trade, concerns remain. Without sustained international pressure on governments to establish robust comprehensive controls on the trade based on international human rights standards, the burgeoning proliferation of this intrusive technology will continue – fuelling even further abuses.“There is a unique opportunity for governments to address this problem now and to update their regulations to align with technological developments” said Tim Maurer at New America’s Open Technology Institute.“More and more journalists, netizens and dissidents are ending up in prison after their online communications are intercepted. The adoption of a legal framework that protects online freedoms is essential, both as regards the overall issue of Internet surveillance and the particular problem of firms that export surveillance products,” said Grégoire Pouget at Reporters Without Borders.“We have seen the devastating impact these technologies have on the lives of individuals and the functioning of civil society groups. Inaction will further embolden blatantly irresponsible surveillance traders and security agencies, thus normalizing arbitrary state surveillance. We urge governments to come together and take responsible action fast,” said Wenzel Michalski at Human Rights Watch. The technologies include malware that allows surreptitious data extraction from personal devices; tools that are used to intercept telecommunications traffic; spygear used to geolocate mobile phones; monitoring centres that allow authorities to track entire populations; anonymous listening and camera spying on computers and mobile phones; and devices used to tap undersea fibre optic cables to enable mass internet monitoring and filtering. “As members of the CAUSE coalition, we’re calling on governments to take immediate action to stop the proliferation of this dangerous technology and ensure the trade is effectively controlled and made fully transparent and accountable” said Volker Tripp at Digitale Gesellschaft. NGOs in CAUSE have researched how such technologies end up in the hands of security agencies with appalling human rights records, where they enable security agents to arbitrarily target journalists, protesters, civil society groups, political opponents and others.Cases documented by coalition members have included: -* German surveillance technology being used to assist torture in Bahrain;-* Malware made in Italy helping the Moroccan and UAE authorities to clamp down on free speech and imprison critics; -* European companies exporting surveillance software to the government of Turkmenistan, a country notorious for violent repression of dissent. -* Surveillance technologies used internally in Ethiopia as well as to target the Ethiopian diaspora in Europe and the United States. News Organisation center_img April 4, 2014 – Updated on January 25, 2016 New global coalition urges governments to keep surveillance technologies in check NOTES TO EDITORS:-# The CAUSE coalition already has a global reach and will continue to expand. CAUSE is currently led by the following groups Amnesty International, Human Rights Watch, FIDH, Privacy International, Reporters Without Borders, Digitale Gesellschaft and the New America Foundations’ Open Technology Institute .-# The right to privacy is enshrined in Article 12 of the Universal Declaration on Human Rights and Article 17 of the International Covenant on Civil and Political Rights. For more information or to arrange an interview, please contact: _ Anne-Charlotte Chéron_ [email protected]_ 01 44 83 84 56 Help by sharing this informationlast_img read more

Calabria: “FHFA Is Absolutely Necessary”

About Author: Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Home / Daily Dose / Calabria: “FHFA Is Absolutely Necessary” On Thursday, the Senate Banking Committee conducted a hearing on the nomination of Dr. Mark Calabria as Director of the Federal Housing Finance Agency(FHFA) along with the nominations of Bimal Patel, of Georgia, to be an Assistant Secretary of the Treasury; Todd M. Harper, of Virginia, to be a Member of the National Credit Union Administration Board; and Rodney Hood, of North Carolina, to be a Member of the National Credit Union Administration Board.The Trump administration announced Calabria’s nomination to head the FHFA in December. He is currently the Chief Economist to Vice President Mike Pence. If confirmed, Calabria would have significant influence over the housing finance market at the FHFA.Opening the proceedings for the hearing, Sen. Mike Crapo, Chairman of the Banking Committee said, “FHFA can also play an important role in helping us move toward a more sustainable housing finance system facilitated by an engaged and strongly capitalized private sector.””All the nominees today, if confirmed, have the opportunity to improve American lives, they can make it easier for families to buy homes with mortgages,” said Ranking Member Sen. Sherrod Brown during his opening remarks.While his prepared remarks didn’t mention the current administration’s goal of the privatization of the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, Calabria addressed these issues during his discussions with the Committee. Calabria said that if he was confirmed as Director of the FHFA his role would be to “carry out the clear intent of Congress, not impose my own vision.”Giving an outline of what his priorities would be if confirmed, Calabria said that a number of critical elements were needed in reform such as a “greater need for competition.” He said the current FHFA mandate was clearly where “the regulator cannot make such changes.” As a result, he said, “The very broad changes that have to happen in the mortgage finance system have to be done by Congress.”Calabria said that if he was confirmed as the FHFA Director his objective would be to ensure the GSEs were, “well capitalized, well managed, and well regulated.”He also clarified the reports on FHFA Acting Director Joseph Otting’s remarks on the privatization of the GSEs, saying that the remarks were made more to raise the morale of the staff at FHFA than anything else. “My read of what I believe he said was to convey a sense of urgency to the FHFA staff. What he referred to in the terms of me signing off was my longstanding loud support for housing finance reforms. I believe he was conveying to the staff through a pep talk that we will move forward,” Calabria said.Before his nomination for this post, Calabria told the committee that he was involved in conversations around December 2017 that allowed a $3 billion cushion for the GSEs and had supported the amendment of allowing a “modest capital buffer so that we would not have to force a draw, partly because of the impact of the tax reform or the deferred tax losses being held by the GSEs.”Addressing his views on the affordable housing goals Calabria said that his past concerns with affordable housing goals were in the context of “two large institutions with zero capital.” However, he added, “I do believe we can get to a spot where we can have risk-taking via affordable housing goals if we can have an appropriate regulatory structure that has capital backing those goals. I’m very concerned about any large financial institution where we push it to take an additional risk without the appropriate regulatory structure in place.”Clarifying his comments on getting rid of the GSEs in the past, he said that they were essentially pointed towards getting rid of the model of privatize gains and socialize losses. “I believe all large financial institutions need to be well capitalized more managed, more regulated, and I believe the GSEs were “none of the above” before the crisis. My concern is the fundamental model of the heads of Fannie and Freddie walk out with a lot of money while the rest of us get holding the bag. I want these entities to be good corporate citizens, I want them to be the model of how other corporation should want to behave.”Answering a question on the role of the FHFA if the housing market faced another crisis, Calabria said, that it was appropriate for the FHFA to offer assistance to affected borrowers and that “we should recognize and applaud the efforts of Ed DeMarco for the wide-based forbearance that was done by FHFA during the past crisis.” However, he stressed that the agency needed to “approach different borrowers differently” and that the mortgage market should set an expectation for those who can pay, should pay and “focus our efforts on those who can’t pay and need assistance.””FHFA is absolutely necessary,” Calabria said while answering a question on why he wanted to take up this job, despite his past remarks. “In fact, I want to raise the stature of FHFA. I remember how the employees at its predecessor felt and their inability to stand up and be able to do effective financial regulation. I’m committed to seeing turning FHFA into a world-class regulator.”He also gave his views on the 30-year fixed-rate mortgage saying that it was important to have the 30-year rate and that he intended to keep it that way.Click here to view the full testimony. Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Tagged with: Banking Senate Committee Fannie Mae FHFA Freddie Mac GSEs Homes HOUSING Mark Calabria The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago February 14, 2019 1,484 Views Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save in Daily Dose, Featured, Government, News Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Banking Senate Committee Fannie Mae FHFA Freddie Mac GSEs Homes HOUSING Mark Calabria 2019-02-14 Radhika Ojha Previous: What Amazon’s NY Farewell Means for the Housing Market Next: Ask the Economist with Mark Boud  Print This Post Calabria: “FHFA Is Absolutely Necessary” read more

[Buses For Ferrying Migrants] Allahabad HC Seeks Reply On Anticipatory Bail Plea Filed By Priyanka Gandhi’s Personal Secretary [Read Order]

first_imgNews Updates[Buses For Ferrying Migrants] Allahabad HC Seeks Reply On Anticipatory Bail Plea Filed By Priyanka Gandhi’s Personal Secretary [Read Order] LIVELAW NEWS NETWORK12 Jun 2020 2:24 AMShare This – xThe Allahabad High Court on Friday asked the UP Government to file its reply in the anticipatory bail application filed by Sandeep Singh, personal secretary of Priyanka Gandhi Vadra, in a FIR lodged against him allegedly for forging a list of 1,000 buses that the Congress Party arranged for the UP Government, to bring back migrant workers. The matter was listed before Justice Rajesh…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Allahabad High Court on Friday asked the UP Government to file its reply in the anticipatory bail application filed by Sandeep Singh, personal secretary of Priyanka Gandhi Vadra, in a FIR lodged against him allegedly for forging a list of 1,000 buses that the Congress Party arranged for the UP Government, to bring back migrant workers. The matter was listed before Justice Rajesh Singh Chauhan of the Lucknow bench who has granted three days time to the AGA, to seek instructions on the matter. A FIR was lodged against Singh and UP Congress Chief Ajay Kumar Lallu, in the Hazratganj Police station on May 9, for providing false information in the list of buses that were sent to ferry migrant workers home. It is alleged that the migrants’ were ferried across the states in auto-rickshaws, ambulances, trucks, etc. that find no mention in the list. Moreover, many buses provided by the party lacked a requisite fitness certificate or/ and a valid insurance. The FIR further alleges that the Congress leaders did not obtain inter-state movement passes, in gross violation of the guidelines issued by the Union Home Ministry. Singh, represented by Advocates Nadeem Murtaza, Shubham Tripathi and Syed Yashab Husain Rizvi, contended that the FIR was frivolous and filed with a political vendetta. The Court has summoned the Case Diary and fixed the matter for hearing on June 17. Click Here To Download Order Read Order Next Storylast_img read more

Pecuniary Jurisdiction Of Consumer Fora To Be Determined By Value Of Goods/ Services ‘Paid’ As Consideration: NCDRC [Read Order]

first_imgNews UpdatesPecuniary Jurisdiction Of Consumer Fora To Be Determined By Value Of Goods/ Services ‘Paid’ As Consideration: NCDRC [Read Order] LIVELAW NEWS NETWORK4 Sep 2020 11:13 PMShare This – xIn a significant order, the National Consumer Disputes Redressal Commission (NCDRC) has held that for determining the pecuniary jurisdiction of Consumer fora, the value of the goods/ services “paid” as consideration alone has to be taken and not the value of the goods/ services “purchased”. The order has been passed by a bench of Justice RK Agrawal (President) and Dr. SM…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn a significant order, the National Consumer Disputes Redressal Commission (NCDRC) has held that for determining the pecuniary jurisdiction of Consumer fora, the value of the goods/ services “paid” as consideration alone has to be taken and not the value of the goods/ services “purchased”. The order has been passed by a bench of Justice RK Agrawal (President) and Dr. SM Kantikar (Member) while hearing a consumer complaint filed on behalf of a Kolkata based factory against its insurer, National Insurance Company Ltd. The Complainant stated that the company had wrongly repudiated his insurance claim worth Rs. Rs.28,00,20,000/- which was purchased by paying a premium of Rs.4,43,562/-. At this juncture, the Commission stated that the value of the consideration paid in the present case was “less” than Rs.10,00,00,000/- (pecuniary jurisdiction of NCDRC as per Section 58(1)(a)(i) of the Consumer Protection Act, 2019) and it had to determine whether the complaint shall be maintainable before it. It observed that had the case been governed under the Consumer Protection Act, 1986, NCDRC would have jurisdiction in the matter since pecuniary jurisdiction thereunder was determined by taking the “value of the goods or services and compensation”. Meaning thereby that the value of the goods or services as also the compensation would be added to arrive at a conclusion as to whether the National Commission has the jurisdiction or not Under Section 21(a)(i) of the Consumer Protection Act, 1986, the National Commission had the jurisdiction to entertain Complaints where the value of the good or services and compensation claimed exceeded Rs.1,00,00,000/-. Under the new law however, the National Commission has jurisdiction to entertain Complaints where the “value of the goods or services paid” as consideration exceeds Rs.10,00,00,000/-. This change, the Commission said, was intended to ensure that Consumers approach the “appropriate” Consumer fora. It illustrated that under the erstwhile Act of 1986, if a person agreed to purchase a property for Rs. 60,00,000/- and later he approached the Consumer Forum seeking refund along with compensation of Rs. 50,00,000/- then the value would exceed Rs.1,00,00,000/- and the Consumer Complaint was filed before the National Commission. The Commission said that the words “and compensation” were replaced with the word “paid” certainly to prevent consumers from directly approaching the National Commission. “It appears that the Parliament, while enacting the Act of 2019 was conscious of this fact and to ensure that Consumer should approach the appropriate Consumer Disputes Redressal Commission whether it is District, State or National only the value of the consideration paid should be taken into consideration while determining the pecuniary jurisdiction and not value of the goods or services and compensation, and that is why a specific provision has been made in Sections 34 (1), 47 (1) (a) (i) and 58 (1) (a) (i) providing for the pecuniary jurisdiction of the District Consumer Disputes Redressal Commission, State Consumer Disputes Redressal Commission and the National Commission respectively,” it held. Case Title: M/S. Pyaridevi Chabiraj Steels Pvt. Ltd. v. National Insurance Company Ltd. & Ors. Click Here To Download OrderRead Order Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Zo Rooms Entitled to 7% Shareholding In $9 bln Valued-Oyo, Arbitral Tribunal Holds

first_imgNews UpdatesZo Rooms Entitled to 7% Shareholding In $9 bln Valued-Oyo, Arbitral Tribunal Holds Shreya Agrawal8 March 2021 8:20 PMShare This – xAn award by an arbitral tribunal in a tussle between Oravel Stays Pvt Ltd (Oyo) and start-up Zostel Hospitality Pvt Ltd (Zostel), holding that Zo Rooms is entitled to allotment of 7% shareholding in Oyo, could open the doors to what Zostel is touting as the “biggest exit in the Indian startup eco-system”.The award was passed in a 3-year old arbitration dispute between the two hospitality…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginAn award by an arbitral tribunal in a tussle between Oravel Stays Pvt Ltd (Oyo) and start-up Zostel Hospitality Pvt Ltd (Zostel), holding that Zo Rooms is entitled to allotment of 7% shareholding in Oyo, could open the doors to what Zostel is touting as the “biggest exit in the Indian startup eco-system”.The award was passed in a 3-year old arbitration dispute between the two hospitality giants, following a merger agreement based on a “Term Sheet” in 2015. Zostel and Oyo had entered into what Zostel claimed to be a binding agreement, and Oyo claimed to be a non-binding agreement of “exploratory” nature in November 2015, under which Zostel claimed to have completed its obligations and transferred the business to Oyo.As per this agreement itself, Zostel claimed that Oyo was due to transfer 7% of its shareholding to Zo Rooms’ shareholders, which it had defaulted upon – leading to the arbitration.Referring to a recent regulatory filing, Zostel claimed that Oyo has raised about $7.31 mln at a share price of $58,490 as a part of its Series F1 round, valuing Oyo at $9 bln, and therefore is the arbitration award is given effect, it will make this the biggest exit in the Indian start-up eco-system after the Snapdeal-Freecharge deal of $400 mln in 2015.The tribunal was chaired by former Chief Justice of India AM Ahmadi, who was appointed as the sole arbitrator in the matter in Oct 2018, following a Supreme Court directive.The tribunal said that, the only reason that the parties could not arrive at consensus ad idem in respect of the Definitive Documents, to follow the Term Sheet, was due toobjections raised by Oyo’s shareholder Venture Nursery, which issue was meant to be resolved by the Oyo. It noted that the Term Sheet executed between Zostel and Oyo in November 2015 was a binding document and that Zostel “did everything within their control to complete their obligations under the same,” and that therefore they “cannot be held responsible for the acts and omissions of Oyo and/or its shareholders by virtue of which some of the obligations could not be fulfilled by Zostel.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Long Island mom Tenia Campbell arrested for allegedly killing twin daughters

first_imgkali9/iStock(NEW YORK) — A Long Island mother was arrested for allegedly killing her twin 2-year-old daughters on Thursday, according to police.A woman called 911 about 2:30 p.m. Thursday reporting that her daughter, Tenia Campbell, was on the other line, threatening to kill herself and her baby daughters, according to Suffolk County Police.A three-way call began, lasting nearly 12 minutes, during which Campbell, a 24-year-old home healthcare aid, was “at times hysterical” and would not reveal her whereabouts, Suffolk County Police Commissioner Geraldine Hart said at a news conference Friday.Campbell allegedly indicated the girls were already dead, Hart said.The girls’ time of death has not been verified, Hart said.The 911 call launched “a massive county wide search,” said police.About 90 minutes after the 911 call, phone GPS helped lead officers to Campbell, Hart said.Officers found her in Montauk, Long Island, at the entrance of the Montauk County Park Third House Nature Center, police said.Campbell had allegedly parked and then went to the highway, where Hart said she started screaming at responding officers to shoot her.Campbell was taken into custody as officers tried to save the two children, police said.The twins, Jasmine and Jaida Campbell, were found in their car seats, both in cardiac arrest, Hart said.The girls were taken to a hospital, where they were declared dead, police said.“Unfortunately Jasmine and Jaida’s lives were cut short in the most tragic way imaginable,” Hart said.A motive is not clear, Hart said.There’s no record of domestic incidents, Hart said.Campbell, of Medford, was charged with two counts of second-degree murder, according to police. She is set to be arraigned on Friday.The girls had no outward sign of trauma, Hart said. Autopsies will be conducted by the Suffolk County Medical Examiner, police said.Campbell’s 4-year-old son was found safe with his father, Hart said.Copyright © 2019, ABC Radio. All rights reserved.last_img read more